Ethereum Eyes $4K as Key Breakout Nears
Ethereum nears a bullish breakout. If it closes above the Ichimoku cloud, a $4K rally could be next.
- Ethereum is approaching a major technical resistance.
- A weekly close above the Ichimoku cloud is crucial.
- $4,000 could follow quickly if momentum builds.
Ethereum is once again capturing market attention as it approaches a critical technical zone. According to market analysts and crypto traders, Ethereum could be on the verge of a major price breakout that might take it back to the $4,000 level — a price it hasn’t seen since late 2021.
Currently trading just below that psychological threshold, Ethereum is nearing a potential bullish signal. If the price manages to close above the Ichimoku cloud on the weekly chart, it could confirm strong upward momentum. This cloud, widely used by traders to gauge market trends, often serves as a key support or resistance zone.
Lagging Span and Tenkan Cross in Focus
One of the most watched indicators in this setup is the Lagging Span. This line is a component of the Ichimoku indicator and offers a delayed view of price action. If the Lagging Span manages to clear the Tenkan-sen (a short-term moving average line), it would add further strength to the bullish case.
This potential “double confirmation” — a close above the cloud and a Lagging Span-Tenkan cross — could trigger a surge in buying pressure. In such a scenario, Ethereum could make a quick move toward the $4,000 mark, fueled by bullish sentiment and increased technical support.
Why $4K Matters for Ethereum
The $4K level isn’t just a round number — it’s a major psychological and technical resistance that could pave the way for further gains. A break above this level could signal the start of a new bullish phase for Ethereum, especially if it’s backed by volume and market-wide momentum.
Traders should keep a close eye on the weekly close and whether Ethereum can hold above the cloud. If these conditions are met, the next leg up might come sooner than expected.
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